Market announcement
TKM Grupp AS
Category
Half-yearly financial report
Attachments
Date
18.08.2008 15:00:00
Title
2008. AASTA I POOLAASTA AUDITEERIMATA MAJANDUSTULEMUSED
Message
Tallinna Kaubamaja kontserni 2008. aasta esimese kuue kuu konsolideeritud auditeerimata müügitulu oli 3,0 miljardit krooni (194,7 miljonit eurot). Kontserni 2007. aasta esimese poolaasta müügitulu oli 2,8 miljardit krooni (179,2 miljonit eurot). Käibe kasv oli 9%. Puhaskasum oli võrreldes eelmise aasta esimese poolega 42% madalam ulatudes 98,3 miljoni kroonini (6,3 miljoni euroni), mis on 71,1 miljonit krooni (4,5 miljonit eurot) vähem kui 2007. aasta samas perioodis, mil puhaskasum oli 169,4 miljonit krooni (10,8 miljonit eurot). Ehkki puhaskasum jäi oluliselt alla eelmise aasta tulemusele, vastas see ettevõte plaanidele, milles oli arvestatud nii laienemiste kui majanduskeskkonna muutustega. Esimese poolaasta opereerimiskuludes kajastub 14,8 miljonit krooni (1,0 miljonit eurot) arenduskulusid, mida ei kapitaliseerita. 2007. aasta esimesel poolel oli selliseid kulusid 3,2 miljonit krooni (0,2 miljonit eurot). Olulist mõju avaldasid täielikult või osaliselt ümberehitustöödeks suletud Selveri kaupluste jätkuvad opereerimiskulud ning esimesel poolaastal avamiseks ette valmistatud seitsme uue Selveri kaupluse avamiseelsed kulud. Muudeks teguriteks kasumi vähenemisel oli kommunaal- ja tööjõukulude ootuspäraselt kiire kasv, 2007. aasta lõpus läbi viidud põhivara ümberhindlusest tingitud kulumi kasv ning kontserni poolt eelmiste majandusaastate tulemuste põhjal väljamakstud dividendide tulumaksukulu summas 21,7 miljonit krooni (1,4 miljonit eurot, 2007: 11,5 miljonit krooni, 0,7 miljonit eurot). Tallinna Kaubamaja kontserni bilansimaht 30. juunil 2008 oli 4,1 miljardit krooni (262,6 miljonit eurot), kasvades võrreldes 2007. aasta esimese poolaasta lõpu seisuga 1,4 miljardit krooni (90,1 miljonit eurot). Varade ning omakapitali kasv oli 2008. aasta esimesel poolaastal vastavalt 23% ja 1%. Kaubamajade ärisegmendi 2008. aasta esimese kuue kuu müügitulu oli 733,0 miljonit krooni (46,9 miljonit eurot), kasvades eelmise aasta esimese poolaastaga võrreldes 6%, vaatamata tööstuskaupade jaemüügi vähenemisele Eestis tervikuna. Kaubamajade puhaskasum 2008. aasta esimesel poolaastal oli 62,7 miljonit krooni (4,0 miljonit eurot), jäädes aasta tagusele kasumile alla 1,1 miljonit krooni (0,1 miljonit eurot). Kaubamaja kasumit on negatiivselt mõjutanud kõige enam laienemiseks kasutatud finantseerimisekulude ja kommunaalkulude kasv. A-Selveri 2008. aasta esimese poolaasta netokäive oli 1 932,1 miljonit krooni (123,5 miljonit eurot), mis on 12% enam kui eelmise aasta samal perioodil. A-Selveri eelmise aasta võrreldava perioodi käive oli 1 723,8 miljonit krooni (110,2 miljonit eurot). Supermarketite ärisegmendi maksueelne puhaskasum oli 2008. aasta I poolaastal 46,5 miljonit krooni (3,0 miljonit eurot), mis on 43,2 miljonit krooni (2,8 miljonit eurot) vähem kui 2007. aasta samal perioodil. Puhaskasumi kasvule avaldasid negatiivset mõju ulatuslikud ümberehitustööd kolmes strateegilises asukohas paiknevas Selveri keti kaupluses: Tallinnas Järve ja Pirita Selveris ning Rakveres Krooni Selveris. Ümberehitustööde tulemusena oli klientidele suletud Pirita Selver poolteist kuud ja Krooni Selver kaks nädalat. Järve Selveris kestsid ümberehitustööd neli kuud, mille tulemusena oli müügitegevus häiritud. Samuti mõjutasid puhaskasumit 2008. aastal avatud kuue uue kaupluse avamiseelsed kulutused ning Läti tütarettevõtte käivitamiskulud. 2008. aastal on avatud kauplused Narvas, Kohtla-Järvel, Hiiumaal, Tallinnas Mustamäe teel, Põlvas ja Pärnus. Lisaks mõjutasid I poolaasta tulemust eelmise aasta teises poolaastas avatud kahe Selveri (Põltsamaa ja Jõgeva) jätkuv käivitamisperiood ning augustis avatava Paide Selveri avamiseelsed kulud. Kinnisvarade ärisegmendi 2008. aasta esimese poolaasta müügitulu oli 56,0 miljonit krooni (3,6 miljonit eurot) ning võrreldes 2007. aasta esimese poolega suurenes müügitulu 21%. Kinnisvarade ärisegmendi 2008. aasta esimese poole müügitulu ilma segmentide vahelise müügita oli 20,5 miljonit krooni (1,3 miljonit eurot), kasvades eelmise aasta sama perioodiga võrreldes 17%. Kuue kuu puhaskasum oli 16,4 miljonit krooni (1,1 miljonit eurot) kahanedes võrreldes eelneva aastaga 4,7 miljonit krooni ehk 22%. Puhaskasumi kahanemine tuleneb finantskulude ja põhivara kulumi kasvust. Autokaubanduse ärisegmendi 2008. aasta esimese poolaasta müügitulu oli 315,4 miljonit krooni (20,2 miljonit eurot). Kuue kuuga müüdi 1325 uut sõidukit, mis on 193 sõidukit rohkem kui aasta varem samal perioodil. KIA turuosa Baltikumis on 3,6% (kasv kuue kuuga 20%). Autokaubanduse I poolaasta kahjum ulatus 2,4 miljoni kroonini (0,2 miljoni euroni), 2007. aasta kuue kuuga saavutati kasum 6,2 miljonit krooni (0,4 miljonit eurot). Turuosa suurenemisele on lõivu makstud marginaalide languse ning reklaamikulude kasvuga. 2007. aasta lõpus Läti sealse autoturu suure kahanemisega kokku langenud KIA Auto AS tütarfirma SIA KIA Automobiles asutamine ja turule sisenemine ning sellega seotud kulude kasv on toonud kaasa I poolaasta negatiivse tulemi. KIA saavutatud turuosa lubab edaspidi loota paremat majandustulemust. 1. aprillil 2008 soetatud Suurtüki NK AS ja Suurtuki SIA käibe osa esimese poolaasta kontserni käibes oli 45,1 miljonit krooni (2,9 miljonit eurot). Teises kvartalis avati lisaks olemasolevale 12 kauplusele uued kauplused Maardus, Võrus ja Hiiumaal. Aruandeperiood lõppes 3,3 miljoni krooni (0,2 miljoni euro) suuruse kahjumiga. Tulemust mõjutasid uute kaupluste avamisega seotud kulutused ja tööjõukulude hüppeline kasv (39%). 30. juunil 2008 soetas kontsern ettevõte ABC King AS koos tema tütarettevõttega ABC King SIA ja OÜ ABC Saare kingakauplustega. Selle tehinguga lisandus Tallinna Kaubamaja kontserni jalatsiärisse 5 jalatsikauplust Tallinnas, 4 jalatsikauplust Eesti teistes linnades ning 5 jalatsikauplust Lätsi. Lähiajal avatakse uued ABC King kauplused Tartus, Rakveres ja Saaremaal. Raul Puusepp Juhatuse esimees Tel. 7 315 000 KONSOLIDEERITUD BILANSS tuhandetes EEK/EUR, seisuga 30. juuni -------------------------------------------------------------------------------- | | | 30. juuni 2008 | 31. detsember 2007 | -------------------------------------------------------------------------------- | | Lisa | EEK | EUR | EEK | EUR | -------------------------------------------------------------------------------- | VARAD | | | | | | -------------------------------------------------------------------------------- | Käibevara | | | | | | -------------------------------------------------------------------------------- | Raha ja pangakontod | 2 | 263 822 | 16 861 | 282 635 | 18 064 | -------------------------------------------------------------------------------- | Nõuded ostjate vastu | 3 | 52 508 | 3 356 | 50 966 | 3 257 | -------------------------------------------------------------------------------- | Muud nõuded | 4 | 30 438 | 1 945 | 50 755 | 3 244 | -------------------------------------------------------------------------------- | Ettemakstud tulevaste | 5 | 45 997 | 2 940 | 20 133 | 1 287 | | perioodide kulud | | | | | | -------------------------------------------------------------------------------- | Varud | 6 | 718 448 | 45 917 | 519 630 | 33 209 | -------------------------------------------------------------------------------- | Käibevara kokku | | 1 111 | 71 019 | 924 119 | 59 061 | | | | 213 | | | | -------------------------------------------------------------------------------- | Põhivara | | | | | | -------------------------------------------------------------------------------- | Tulevaste perioodide | 5 | 36 127 | 2 309 | 37 291 | 2 383 | | ettemakstud kulud | | | | | | -------------------------------------------------------------------------------- | Sidusettevõtjate aktsiad | 8 | 15 754 | 1 007 | 14 201 | 908 | -------------------------------------------------------------------------------- | Pikaajaline investeering | 7 | 167 356 | 10 696 | 0 | 0 | | (ABC King) | | | | | | -------------------------------------------------------------------------------- | Muud pikaajalised nõuded | 9 | 2 828 | 181 | 2 828 | 181 | -------------------------------------------------------------------------------- | Materiaalne põhivara | 10 | 2 683 | 171 486 | 2 300 | 147 053 | | | | 176 | | 878 | | -------------------------------------------------------------------------------- | Immateriaalne põhivara | | | | | | -------------------------------------------------------------------------------- | Firmaväärtus(goodwill) | 11,7 | 91 874 | 5 872 | 49 388 | 3 156 | -------------------------------------------------------------------------------- | Immateriaalne põhivara | | 91 874 | 5 872 | 49 388 | 3 156 | | kokku | | | | | | -------------------------------------------------------------------------------- | Põhivara kokku | | 2 997 | 191 551 | 2 404 | 153 681 | | | | 115 | | 586 | | -------------------------------------------------------------------------------- | VARAD KOKKU | | 4 108 | 262 570 | 3 328 | 212 742 | | | | 328 | | 705 | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL | | | | | | -------------------------------------------------------------------------------- | Lühiajalised kohustused | | | | | | -------------------------------------------------------------------------------- | Võlakohustused | 12 | 254 921 | 16 292 | 120 626 | 7 709 | -------------------------------------------------------------------------------- | Ostjate ettemaksed | | 9 042 | 578 | 11 673 | 745 | | kaupade ja teenuste eest | | | | | | -------------------------------------------------------------------------------- | Võlad tarnijatele | | 642 843 | 41 086 | 611 454 | 39 080 | -------------------------------------------------------------------------------- | Muud lühiajalised võlad | 14 | 118 400 | 7 566 | 166 756 | 10 657 | -------------------------------------------------------------------------------- | Lühiajalised kohustused | | 1 025 | 65 522 | 910 509 | 58 191 | | kokku | | 206 | | | | -------------------------------------------------------------------------------- | Pikaajalised kohustused | | | | | | -------------------------------------------------------------------------------- | Võlakohustused | 12,1 | 1 170 | 74 799 | 522 214 | 33 375 | | | 3 | 349 | | | | -------------------------------------------------------------------------------- | Pikaajalised eraldised | | 1 913 | 122 | 2 075 | 132 | -------------------------------------------------------------------------------- | Pikaajalised kohustused | | 1 172 | 74 921 | 524 289 | 33 507 | | kokku | | 262 | | | | -------------------------------------------------------------------------------- | KOHUSTUSED KOKKU | | 2 197 | 140 443 | 1 434 | 91 698 | | | | 468 | | 798 | | -------------------------------------------------------------------------------- | Omakapital | | | | | | -------------------------------------------------------------------------------- | Aktsiakapital | 15 | 407 292 | 26 031 | 407 292 | 26 031 | -------------------------------------------------------------------------------- | Kohustuslik reservkapital | | 40 729 | 2 603 | 40 729 | 2 603 | -------------------------------------------------------------------------------- | Põhivara ümberhindluse | | 742 920 | 47 481 | 759 721 | 48 555 | | reserv | | | | | | -------------------------------------------------------------------------------- | Jaotamata kasum | | 719 752 | 46 001 | 686 155 | 43 854 | -------------------------------------------------------------------------------- | Konverteerimiserinevused | | 167 | 11 | 10 | 1 | -------------------------------------------------------------------------------- | OMAKAPITAL KOKKU | | 1 910 | 122 127 | 1 893 | 121 044 | | | | 860 | | 907 | | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL KOKKU | 4 108 | 262 570 | 3 328 | 212 742 | | | 328 | | 705 | | -------------------------------------------------------------------------------- KONSOLIDEERITUD KASUMIARUANNE Tuhandetes EEK/EUR, 6 kuu kohta -------------------------------------------------------------------------------- | | | 6 kuud 2008 | 6 kuud 2007 | -------------------------------------------------------------------------------- | | Lisa | EEK | EUR | EEK | EUR | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Äritulud | | | | | | -------------------------------------------------------------------------------- | Müügitulu | 16 | 3 046 | 194 685 | 2 803 | 179 207 | | | | 163 | | 984 | | -------------------------------------------------------------------------------- | Muud äritulud | 17 | 75 937 | 4 853 | 57 596 | 3 681 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Müüdud kaupade kulu | | -2 302 | -147 132 | -2 126 | -135 934 | | | | 141 | | 896 | | -------------------------------------------------------------------------------- | Mitmesugused tegevuskulud | 18 | -327 903 | -20 957 | -258 959 | -16 550 | -------------------------------------------------------------------------------- | Tööjõukulud | 19 | -300 240 | -19 189 | -228 062 | -14 576 | -------------------------------------------------------------------------------- | Põhivara kulum ja | 10 | -61 001 | -3 899 | -49 710 | -3 177 | | väärtuse langus | | | | | | -------------------------------------------------------------------------------- | Muud ärikulud | | -6 847 | -438 | -9 094 | -581 | -------------------------------------------------------------------------------- | Ärikasum | | 123 968 | 7 923 | 188 859 | 12 070 | -------------------------------------------------------------------------------- | Finantskulud | 20 | -10 218 | -653 | -18 364 | -1 174 | -------------------------------------------------------------------------------- | Finantstulud | 20 | 4 605 | 294 | 9 435 | 603 | -------------------------------------------------------------------------------- | Finantstulud | 8 | 1 553 | 99 | 916 | 59 | | sidusettevõtjate | | | | | | | aktsiatelt | | | | | | -------------------------------------------------------------------------------- | Finantstulud ja-kulud | | -4 060 | -260 | -8 013 | -512 | | kokku | | | | | | -------------------------------------------------------------------------------- | Kasum enne | | 119 908 | 7 663 | 180 846 | 11 558 | | tulumaksustamist | | | | | | -------------------------------------------------------------------------------- | Tulumaks | | -21 653 | -1 384 | -11 487 | -734 | -------------------------------------------------------------------------------- | ARUANDEPERIOODI | | 98 255 | 6 279 | 169 359 | 10 824 | | PUHASKASUM | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Tava puhaskasum aktsia | | | | | | | kohta | | | | | | -------------------------------------------------------------------------------- | (EEK/EUR) | 14 | 2,41 | 0,15 | 4,16 | 0,27 | -------------------------------------------------------------------------------- | Lahustatud puhaskasum | | | | | | | aktsia kohta | | | | | | -------------------------------------------------------------------------------- | (EEK/EUR) | 14 | 2,41 | 0,15 | 4,16 | 0,27 | --------------------------------------------------------------------------------
Title
FINANCIAL RESULTS FOR SIX MONTHS OF 2008
Message
The consolidated non-audited revenue of Tallinna Kaubamaja for the first six months of 2008 was 3.0 billion kroons (194.7 million euros). The return on sales of the Group of 1st half of 2007 was 2.8 billion kroons (179.2 million euros). The growth in turnover was 9 %. Net profit was 42 % less than that of the 1st half of the last year, i.e. 98.3 million kroons (6.3 million euros), which is 71.1 million kroons (4.5 million euros) less than in the 1st half of 2007 when net profit constituted 169.4 million kroons (10.8 million euros). Lower net profit compared to the last year's result was actually expected in the company's plans, taking into account the development of the company and also the change in economic environment. There are 14.8 million kroons (1.0 million euros) non-capitalized development costs in the 1st half year operating expenses. In the 1st half of 2007 the corresponding costs were 3.2 million kroons (0.2 million euros). The main factors for decrease in net profit were partly or entirely closed shops for reconstruction works (bearing operating costs) and pre-opening costs of seven new Selver shops. Other factors for decrease in profit were expected growth of energy and maintenance and labour costs, increase in depreciation resulting from the revaluation of fixed assets, undertaken at the end of 2007, also the income tax 21.7 million kroons (1.4 million euros, 2007: 11.5 million kroons, 0.7 million euros) expense on the dividends distributed for the prior financial years. As of 30 June 2008, the balance sheet total of the Tallinna Kaubamaja Group was 4.1 billion kroons (262.6 million euros), which means an increase by 1.4 billion kroons (90.1 million euros) compared to the end of 1st half of 2007. In the 1st half year of 2008, assets and shareholders' equity increased by 23% and 1% respectively. Sales revenue of the first six months of 2008 of the business segment of the Kaubamaja department stores was 733.0 million kroons (46.9 million euros), showing a growth of 6 % in comparison with the same period of the previous year, regardless of decrease in retail sales in stores selling manufactured goods in whole Estonia. Net profit of the Kaubamaja department stores in the 1st half of 2008 was 62.7 million kroons (4.0 million euros), which fell behind the result achieved a year ago by 1.1 million kroons (0.1 million euros). Financing cost used for acquisitions and growth of energy and maintenance costs have had the most negative impact on the profit of Kaubamaja department stores.. In the 1st half year of 2008 the net turnover of of A-Selver was 1,932.1 million kroons (123.5 million euros), which exceeds that of the same period of last year by 12%. The turnover for the same period last year was 1,723.8 million kroons (110.2 million euros). The pre-tax profit for the supermarket segment for the reporting period was 46.5 million kroons (3.0 million euros), decreasing by 43.2 million kroons (2.8 million euros) compared to the previous year. Extensive reconstructions in three strategic locations of Selver store chain (Järve Selver in Tallinn, Pirita Selver and Krooni Selver) had a negative impact on the increase of profit. Because of reconstruction works Pirita Selver was closed for the customers for one and a half months and Krooni Selver for two weeks. In Järve Selver the reconstruction works were carried out during four months, which affected sales. Pre-opening costs of the six new shops opened in 2008 and costs related to the start-up of a subsidiary Selver Latvia SIA had an impact on the profit. In 2008 new shops were opened in Narva, Kohtla-Järve, Hiiumaa, Mustamäe in Tallinn, Põlva and Pärnu. Additional impact on the profit had two shops (Põltsamaa and Jõgeva) opened in the second half of 2007 continuing starting period and pre-opening costs of Paide Selver, which will be opened in August. The sales revenue of the 1st half of 2008 of the real estate segment was 56.0 million kroons (3.6 million euros), and in comparison with the 1st half of 2007, sales revenue increased by 21%. Sales revenue of the 1st half of 2008 of the real estate segment without inter-segmental sales was 20.5 million kroons (1.3 million euros), increasing by 17% in comparison with last year. Net profit for the first six months was 16.4 million kroons (1.1 million euros), decreasing by 4.7 million kroons or 22 % compared to the previous year. The decrease in net profit is caused by the increase in financial costs and the depreciation of fixed assets. The sales revenue car trade segment of 1st six months of 2008 was 315.4 million kroons (20.2 million euros). In the first six months, 1325 vehicles were sold, which exceeds the number of vehicles sold during the same period a year ago by 193. KIA has a 3.6% market share in the Baltic countries (growth with six months 20%).The net loss of car trade segment of 1st six months of 2008 amounted to 2.4 million kroons (0.2 million euros). The net profit of 1st six months of 2007 was 6.2 million kroons (0.4 million euros). The market share growth took its toll on declining margins and growing advertising costs. Establishing the Latvian subsidiary SIA KIA Automobiles and entering the Latvian market fell in the same period with rapidly diminishing car market of Latvia in 2007 and had its negative impact on profit in the 1st half year. Gained market share allows to expect better results in the future. Sales of Suurtüki NK AS and Suurtuki SIA, acquired on 1 April 2008, made up 45.1 million kroons (2.9 million euros) of the sales in group total. In addition to 12 already existing stores, new stores were opened in Maardu, Võru and Hiiumaa in the 2nd quarter. Reporting period ended with loss of 3.3 million kroons (0.2 million euros). The result was influenced by costs for opening new stores and leap in personnel costs (39%). On 30 June 2008 the Tallinna Kaubamaja group acquired ABC King AS with its subsidiary ABC King SIA and OÜ ABC Saare footwear shops. 5 shops in Tallinn, 4 shops in other Estonian towns and 5 shops in Latvia were added with this to Tallinna Kaubamaja group footwear trading. New ABC King shops will be opened in Tartu, Rakvere and Saaremaa in the near future. Raul Puusepp Chairman of the Board Phone: +372 731 5000 CONSOLIDATED BALANCE SHEET EEK/EUR thousand -------------------------------------------------------------------------------- | | | 30 June 2008 | 31 December 2007 | -------------------------------------------------------------------------------- | | Not | EEK | EUR | EEK | EUR | | | e | | | | | -------------------------------------------------------------------------------- | ASSETS | | | | | | -------------------------------------------------------------------------------- | Current assets | | | | | | -------------------------------------------------------------------------------- | Cash at bank and in hand | 2 | 263,82 | 16,861 | 282,635 | 18,064 | | | | 2 | | | | -------------------------------------------------------------------------------- | Trade receivables | 3 | 52,508 | 3,356 | 50,966 | 3,257 | -------------------------------------------------------------------------------- | Other receivables | 4 | 30,438 | 1,945 | 50,755 | 3,244 | -------------------------------------------------------------------------------- | Prepaid expenses | 5 | 45,997 | 2,940 | 20,133 | 1,287 | -------------------------------------------------------------------------------- | Inventories | 6 | 718,44 | 45,917 | 519,630 | 33,209 | | | | 8 | | | | -------------------------------------------------------------------------------- | Total current assets | | 1,111, | 71,019 | 924,119 | 59,061 | | | | 213 | | | | -------------------------------------------------------------------------------- | Fixed assets | | | | | | -------------------------------------------------------------------------------- | Prepaid expenses | 5 | 36,127 | 2,309 | 37,291 | 2,383 | -------------------------------------------------------------------------------- | Shares in affiliated | 8 | 15,754 | 1,007 | 14,201 | 908 | | companies | | | | | | -------------------------------------------------------------------------------- | Long term investment (ABC | 7 | 167,35 | 10,696 | 0 | 0 | | King) | | 6 | | | | -------------------------------------------------------------------------------- | Other long-term receivables | 9 | 2,828 | 181 | 2,828 | 181 | -------------------------------------------------------------------------------- | Tangible fixed assets | 10 | 2,683, | 171,486 | 2,300,87 | 147,053 | | | | 176 | | 8 | | -------------------------------------------------------------------------------- | Intangible fixed assets | | | | | | -------------------------------------------------------------------------------- | Goodwill | 11, | 91,874 | 5,872 | 49,388 | 3,156 | | | 7 | | | | | -------------------------------------------------------------------------------- | Total intangible assets | | 91,874 | 5,872 | 49,388 | 3,156 | -------------------------------------------------------------------------------- | Total fixed assets | | 2,997, | 191,551 | 2,404,58 | 153,681 | | | | 115 | | 6 | | -------------------------------------------------------------------------------- | TOTAL ASSETS | | 4,108, | 262,570 | 3,328,70 | 212,742 | | | | 338 | | 5 | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | LIABILITIES AND OWNERS' | | | | | | | EQUITY | | | | | | -------------------------------------------------------------------------------- | Current liabilities | | | | | | -------------------------------------------------------------------------------- | Debts | 12 | 254,92 | 16,292 | 120,626 | 7,709 | | | | 1 | | | | -------------------------------------------------------------------------------- | Prepayments received for | | 9,042 | 578 | 11,673 | 745 | | goods and services | | | | | | -------------------------------------------------------------------------------- | Trade payables | | 642,84 | 41,086 | 611,454 | 39,080 | | | | 3 | | | | -------------------------------------------------------------------------------- | Other current payables | 14 | 118,40 | 7,566 | 166,756 | 10,657 | | | | 0 | | | | -------------------------------------------------------------------------------- | Total current liabilities | | 1,025, | 65,522 | 910,509 | 58,191 | | | | 206 | | | | -------------------------------------------------------------------------------- | Long-term liabilities | | | | | | -------------------------------------------------------------------------------- | Debts | 12, | 1,170, | 74,799 | 522,214 | 33,375 | | | 13 | 349 | | | | -------------------------------------------------------------------------------- | Long term reserve | | 1,913 | 122 | 2,075 | 132 | -------------------------------------------------------------------------------- | Total long-term liabilities | | 1,172, | 74,921 | 524,289 | 33,507 | | | | 262 | | | | -------------------------------------------------------------------------------- | TOTAL LIABILITIES | | 2,197, | 140,443 | 1,434,79 | 91,698 | | | | 468 | | 8 | | -------------------------------------------------------------------------------- | Owners' equity | | | | | | -------------------------------------------------------------------------------- | Share capital | 15 | 407,29 | 26,031 | 407,292 | 26,031 | | | | 2 | | | | -------------------------------------------------------------------------------- | Statutory reserve | | 40,729 | 2,603 | 40,729 | 2,603 | -------------------------------------------------------------------------------- | Fixed assets revaluation | | 742,92 | 47,481 | 759,721 | 48,555 | | reserve | | 0 | | | | -------------------------------------------------------------------------------- | Retained earnings | | 719,75 | 46,001 | 686,155 | 43,854 | | | | 2 | | | | -------------------------------------------------------------------------------- | Currency exchange | | 167 | 11 | 10 | 1 | | differences | | | | | | -------------------------------------------------------------------------------- | TOTAL OWNERS' EQUITY | | 1,910, | 122,127 | 1,893,90 | 121,044 | | | | 860 | | 7 | | -------------------------------------------------------------------------------- | TOTAL LIABILITIES AND | | 4,108, | 262,570 | 3,328,70 | 212,742 | | OWNERS' EQUITY | | 328 | | 5 | | -------------------------------------------------------------------------------- CONSOLIDATED INCOME STATEMENT EEK/EUR thousand -------------------------------------------------------------------------------- | | | 6 months 2008 | 6 months 2007 | -------------------------------------------------------------------------------- | | Not | EEK | EUR | EEK | EUR | | | e | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating revenue | | | | | -------------------------------------------------------------------------------- | Sales revenue | 16 | 3,046,1 | 194,685 | 2,803,98 | 179,207 | | | | 63 | | 4 | | -------------------------------------------------------------------------------- | Other operating revenue | 17 | 75,937 | 4,853 | 57,596 | 3,681 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Cost of goods sold | | -2,302, | -147,13 | -2,126,8 | -135,934 | | | | 141 | 2 | 96 | | -------------------------------------------------------------------------------- | Other operating expenses | 18 | -327,90 | -20,957 | -258,959 | -16,550 | | | | 3 | | | | -------------------------------------------------------------------------------- | Staff costs | 19 | -300,24 | -19,189 | -228,062 | -14,576 | | | | 0 | | | | -------------------------------------------------------------------------------- | Depreciation and impairment | 10 | -61,001 | -3,899 | -49,710 | -3,177 | | of fixed assets | | | | | | -------------------------------------------------------------------------------- | Other operating expenses | | -6,847 | -438 | -9,094 | -581 | -------------------------------------------------------------------------------- | Operating profit | | 123,968 | 7,923 | 188,859 | 12,070 | -------------------------------------------------------------------------------- | Financial expenses | 20 | -10,218 | -653 | -18,364 | -1,174 | -------------------------------------------------------------------------------- | Financial income | 20 | 4,605 | 294 | 9,435 | 603 | -------------------------------------------------------------------------------- | Financial income from shares | 8 | 1,553 | 99 | 916 | 59 | | in affiliated companies | | | | | | -------------------------------------------------------------------------------- | Total financial income and | | -4,060 | -260 | -8,013 | -512 | | expenses | | | | | | -------------------------------------------------------------------------------- | Profit before income tax | | 119,908 | 7,663 | 180,846 | 11,558 | -------------------------------------------------------------------------------- | Income tax | | -21,653 | -1,384 | -11,487 | -734 | -------------------------------------------------------------------------------- | NET PROFIT FOR ACCOUNTING | | 98,255 | 6,279 | 169,359 | 10,824 | | PERIOD | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Earnings per share | | | | | | -------------------------------------------------------------------------------- | (EEK/EUR) | 14 | 2.41 | 0.15 | 4.16 | 0.27 | -------------------------------------------------------------------------------- | Diluted earnings per share | | | | | | -------------------------------------------------------------------------------- | (EEK/EUR) | 14 | 2.41 | 0.15 | 4.16 | 0.27 | --------------------------------------------------------------------------------